Hulu's base service, which offers access to more than 85,000 episodes of on-demand television and thousands of movies, is now priced at $5.99 per month, down from $7.99 per month. Hulu's base tier is ad supported, so subscribers do need to watch a limited number of ads.
Hulu's ad-free plan continues to offer the same content at the same price, $11.99, with no pricing cuts enacted for that plan.
The Hulu+ Live TV service is getting more expensive with Hulu now charging $44.99 per month, up from $39.99 per month. Hulu Live TV is Hulu's live television service, offering the same on-demand content along with access to 60 live sports, news, and entertainment channels.
The new pricing changes will go into effect on February 26 for new subscribers, while existing subscribers will see the pricing changes enabled in the subsequent billing cycle after February 26.
Earlier this month, Hulu rival Netflix announced that its "Basic" tier for SD streaming will be priced at $9, up from $8, while its "Standard" HD tier will rise in price from $11 to $13 per month.
Netflix's "Premium" tier, which allows subscribers to access 4K video, will go up from $14 per month to $16 per month. Netflix's pricing changes went into effect on January 15 for new subscribers, while existing subscribers will see price increases over the next three months.